After costs, if the gap returns to its 7d average, $10k−$86
spread now+0.014%7d average+0.165%fees + slippage, in and out−$70spread needed0.704%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 442.62 | −0.0048 | get 0.0006% / 1h | 9m 09s | $357K | $87K | 10x |
| Short | Gate TSM_USDT | 442.68 | 0 | get 0.0000% / 8h | 6h 09m | $1.7M | $832K | 100x |
Coinbase International TSM-PERP-INTX
Gate TSM_USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $1.36
- Funding while held
- $1.44
- Slippage, 4 orders
- −$45.37
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$67.58
- Spread needed to break even
- 0.704%
Slippage from Coinbase International: live order book, 30 min ago; Gate: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0048%
- Per $10,000 a day
- +$1.44
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 30 min ago | 4.41 bp | 9.4 bp −$9 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 7.12 bp | 30.9 bp −$31 | 40.9 bp −$409 | 52.8 bp −$5,278 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.62cheapest
Gate442.68+0.014%
Ondo Perps442.71+0.020%Polymarket Perps442.73+0.025%tradeXYZ442.77+0.034%Bybit442.77+0.034%Vest442.77+0.034%HTX442.79+0.038%KuCoin442.80+0.041%SoDEX442.82+0.045%Phoenix442.88+0.059%BloFin442.90+0.063%OKX442.91+0.066%Bitget442.91+0.066%edgeX442.93+0.069%Variational Omni442.93+0.070%SunX442.95+0.075%Deribit442.97+0.079%Aevo442.98+0.081%Binance442.98+0.082%Phemex442.99+0.084%Orderly443.00+0.086%Extended443.01+0.088%Lighter RH443.02+0.090%Aster443.41+0.179%Lighter443.47+0.192%Injective446.67+0.915%
Ondo Perps
Polymarket Perps
tradeXYZ
Bybit
Vest
HTX
KuCoin
SoDEX
Phoenix
BloFin
OKX
Bitget
Variational Omni
SunX
Deribit
Aevo
Binance
Phemex
Orderly
Extended
Lighter RH
Aster
Lighter
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | 0.000% | −0.0048% | 1h | $357K | $87K | 10x | |
| Gate TSM_USDTshort | +0.014% | 0.0000% | 8h | $1.7M | $832K | 100x | |
| Ondo Perps TSM-USD.P | +0.020% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.025% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.034% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Bybit TSMUSDT | +0.034% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| Vest TSM-USD-PERP | +0.034% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | +0.038% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.041% | +0.0100% | 8h | $272K | $302K | 20x | as long as short |
| SoDEX TSM-USD | +0.045% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSM | +0.059% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| BloFin TSM-USDT | +0.063% | +0.0009% | 8h | $45K | $93K | 20x | as long as short |
| OKX TSM-USDT-SWAP | +0.066% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | +0.066% | +0.0107% | 8h | $1.7M | $1.4M | 20x | as long as short |
| edgeX TSMUSDC | +0.069% | −0.0445% | 4h | $48K | $215K | 10x | as long as short |
| Variational Omni TSM | +0.070% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| SunX TSM-USDT | +0.075% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.079% | +0.0066% | 1h | $97 | $61K | 10x | as long as short |
| Aevo TSM-PERP | +0.081% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.082% | 0.0000% | 8h | $13.1M | $6.1M | 20x | as long as short |
| Phemex TSMUSDT | +0.084% | 0.0000% | 8h | $1.5M | $408K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.086% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Extended TSM-USD | +0.088% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Lighter RH TSM | +0.090% | +0.0032% | 1h | $205K | $902K | 10x | as long as short |
| Aster TSMUSDT | +0.179% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.192% | +0.0392% | 1h | $501K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.915% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |